Reference no: EM131405772

Question 1
What is the Myth of Amoral Business?
A) An unpopular view of American business.
B) A popular view of American business.
C) Reporting of scandals.
D) None of the above.

Question 2
The breakdown of the Myth of Amoral business has been signalled by:
A) the reporting of scandals.
B) the formation of groups like environmentalists and consumerists.
C) proliferation of corporate codes of ethical conduct and of ethics programs.
D) all of the above.

Question 3
The vocabulary of morality is:
A) rich and is applied to a variety of objects in a number of ways.
B) specific and means one thing.
C) clear and operates only at one level.
D) none of the above.

Question 4
If business operates within the law, does it thereby automatically operate morally?
A) Yes.
B) No.
C) Unrelated
D) Ambiguous.

Question 5
The aim of business ethics is:
A) neither defense of the status quo nor its radical change.
B) to implement radical change.
C) to represent a panacea.
D) none of the above.

Question 6
Psychologist L. Kohlberg identified which of the following:
A) a need for a deontological approach in society.
B) a psychological theory that was undisputed.
C) three levels of moral development, each with two stages.
D) that ethical theory was free of traditional investigations.

Question 7
One alternative to ethical relativism is:
A) moral relativism.
B) normative ethical relativism.
C) normative moral relativism.
D) moral absolutism.

Question 8
Most moral judgements in business are made on such generally accepted rules as:
A) do no harm.
B) do not kill.
C) tell the truth.
D) all of the above.

Question 9
The notions of virtue, character, moral imagination, and ideals are:
A) considered mutually important with individuals.
B) not inter-related.
C) are obscure ideas and are unobtainable.
D) applicable more to business than to individuals.

Question 10
The Utilitarian approach to ethics is based on:
A) the greatest amount of good for the most people.
B) Samual Gorvitz's research in human behavior.
C) being able to do something different.
D) is not reasonable for rational beings.

Question 11
In our society, unlike those of other societies, moral decisions:
A) hinge on consequences.
B) are seen the same by all groups.
C) do not effect laws.
D) all of the above.

Question 12
When applying Utilitarianism we:
A) specify action that we wish to consider.
B) specify all those affected by the action.
C) formulate the good and bad consequences for those who would be affected.
D) all of the above.

Question 13
Steps of a Utilitarian analysis include:
A) accurately state the action to be evaluated.
B) sum up all the good and bad consequences.
C) compare the results of the various actions.
D) all of the above.

Question 14
According to utilitarianism, we should evaluate an action by:
A) whether or not it satisfies our needs and wants.
B) determining if it has value.
C) looking at its consequences.
D) how it feels.

Question 15
Rational human beings can:
A) support the rule that lying is universally consistant.
B) understand the need for consistency in action.
C) intuitively feel extrinsic thoughts.
D) generally disagree with Kant.

Question 16
The Categorical Imperative, according to the dominant deontological postition, requires that any second-order moral law:
A) must respect the dignity of persons.
B) must be acceptable to rational beings.
C) both A and B.
D) none of the above.

Question 17
Many social issues and business ethics topics are discussed in terms of rights. Moral rights are:
A) important.
B) normative.
C) justifiable.
D) all of the above.

Question 18
Rawl's theory of distributive justice states that principles would be:
A) enforceable by law.
B) regulated or controlled in some way.
C) universal and respect all persons.
D) none of the above.

Question 19
The steps of applying rights and justice include:
A) when rights conflict, select and explain the choice.
B) using the "imaginary veil of ignorance".
C) considering other over-riding considerations.
D) all of the above.

Question 20
Moral imagination is a necessary ingredient in solving cases and requires:
A) a deontological analysis before implementing.
B) empathy towards others so that we feel what they feel.
C) a utilitarian analysis before implementing.
D) No analysis.

Question 21
Agent responsibility is:
A) frequently found in business and is often complex.
B) not easily identified.
C) straight-forward.
D) having few people involved.

Question 22
Steps of a General Moral Analysis involve:
A) creating a mathematical model.
B) limiting the analysis to match a desired outcome.
C) using the fundamentals of Prometheus.
D) none of the above.

Question 23
One of the objections to Utilitarianism is:
A) that it doesn't adapt to a change in morals.
B) that the ideals are old fashioned.
C) that no one has the time to calculate all the consequences of an action beforehand.
D) that it relies on the Bible for the basis of moral judgements.

Question 24
Economic models are often compared to:
A) chess and Chinese checkers.
B) war games.
C) theological analysis.
D) humanology.

Question 25
In a free market the government:
A) sets wages.
B) controls production.
C) sets prices.
D) none of the above.

Question 26
A partial model of socialism would include the following features:
A) an industrial base.
B) centralized planning.
C) both A and B.
D) none of the above.

Question 27
Which American philosopher believes justice is best served if people are put behind a veil of ignorance?
A) Lawrence Kohlberg.
B) Jeremy Bentham.
C) John Rawls.
D) Immanuel Kant.

Question 28
The most virulent attack on capitalism comes from:
A) Adam Smith.
B) Karl Marx.
C) Third world countries.
D) Warren Buffet.

Question 29
Capitalism historically suffers from cyclical crises. The U.S. government attempts to keep the cycles from rising or falling too sharply by:
A) enacting fiscal and monetary policies.
B) controlling its spending.
C) both A and B.
D) none of the above.

Question 30
Marx's "Labor Theory of Value", has as a basic premise that:
A) Capitalism cannot exist without exploiting the worker.
B) the worker is the primary benefactor.
C) trickle down economics will prevail.
D) in a capitalist economy human labor is sold for more than its worth.

Question 31
The defense of the American Free Enterprise system includes:
A) emphasis on its values.
B) its historic record in producing wealth.
C) it's preferability to socialist societies.
D) all of the above.

Question 32
The libertarian view of government is:
A) the government should provide for all through welfare and other programs.
B) that government should regulate all businesses.
C) that government is to protect people and property from foreign attack.
D) none of the above.

Question 33
A major complaint against the World Trade Organization (WTO) is:
A) that the conditions of trade are unfair to less developed nations.
B) that the WTO does not formally announce when it is meeting.
C) that the WTO process is undemocratic and lacks transparency.
D) both A and C.

Question 34
A solution to excessive executive compensation that was adopted by the Sarbanes-Oxley Act was:
A) that the compensation board cap CEO salaries at a level of 40 times the lowest paid workers.
B) that the compensation committee of the board be composed entirely of independent directors.
C) that the CEO not be able to determine their salary.
D) that the compensation of the CEO be set at a level equal with that of their peers at competing firms.

Question 35
Section 302 of the Sarbanes-Oxley Act is a section that has probably received the most attention. This is because of its requirement that:
A) there are penalties of $5 million dollars and 20 years in prison for willful violations.
B) that the CEO and CFO both certify that the board has processes to catch problems.
C) the CEO and CFO both certify the fairness and accuracy of financial statements.
D) all of the above.